Critics of the Current System of Fed Independence Contend That

question 65

Multiple Choice

Critics of the current system of Fed independence contend that

• A)the current system is undemocratic.
• B)voters have too much say about monetary policy.
• C)the president has too much control over monetary policy on a day-to-day basis.
• D)the Board of Governors is held responsible for policy missteps.

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Definitions:

Primary Reinforcers

Innate reinforcing stimuli that satisfy basic biological needs or desires, such as food, water, and sleep, without learning.

Secondary Reinforcers

Stimuli that acquire their reinforcing properties through their association with primary reinforcers, such as money getting its value from the things it can buy.

Schedules of Reinforcement

The specific patterns and timings of rewards or punishments that control the rate and timing of responses in operant conditioning.

Response Pattern

The characteristic manner in which an individual or system reacts to a specific stimulus or series of stimuli.